Everton confirm that billionaire Farhad Moshiri is now a major shareholder of the club

Moshiri has confirmed the deal with Everton Football club. (Picture: Getty)

Former Arsenal shareholder Farhad Moshiri is now a major shareholder at Everton, the club have confirmed.

It was initially thought that an American Consortium fronted by John Hay Moores would take ownership of the club in a £200million deal but Moshiri, who sold his stakes in Arsenal, has swooped in to hijack the deal.

The Iranian-born businessman has acquired 49.9 per cent of the club after selling his Arsenal shares to business partner Alisher Usmanov, and is now awaiting approval from the Premier League.

‘After an exhaustive search I believe we have found the perfect partner to take the club forward,’ Toffees chairman Bill Kenwright told the club website.

‘I have got to know Farhad well over the last 18 months and his football knowledge, financial wherewithal and True Blue spirit have convinced me that he is the right man to support Everton.’

60-year-old Moshiri, who was had an estimated wealth of £1.3billion according to Forbes, has admitted his delight at buying into the club and has stated his desire to bring success to Goodison Park.

Farhad Moshiri statement

I am delighted to take this opportunity to become a shareholder in Everton, with its rich heritage as one of Europe’s leading football clubs. There has never been a more level playing field in the Premier League than now.

Bill Kenwright has taught me what it means to be an Evertonian and I look forward with excitement to working with him to help deliver success for Everton in the future.